Pharma Veterans

Why Most Plans Never Materialize and What to Do? – Asrar Qureshi’s Blog Post 991 Dear Colleagues! This is Asrar Qureshi’s Blog Post 991 for Pharma Veterans. Pharma Veterans Blogs are published by Asrar Qureshi on its dedicated site https://pharmaveterans.com. Please email to aq.pharmaveterans@gmail.com for publishing your contributions here. Image Created with Microsoft Designer Image Created with Microsoft Designer Image Created with Microsoft Designer Image Created with Microsoft Designer The basic concept of this blogpost is taken from the book review of ‘Sidetracked’’ written by Harvard Professor Francesca Gino. The content is mine. Plans often go awry due to various internal and external factors that can interfere with our intentions and ability to follow through. Understanding these factors and developing strategies to cope with them can increase the likelihood of achieving our goals. This is seen most often in individual, personal plans. Corporate plans also get derailed and det...

Family Businesses Across Regions – Asrar Qureshi’s Blog Post #860 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #860 for Pharma Veterans. Pharma Veterans aims to share knowledge and wisdom from Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Credit: Cliff Booth Credit: Elina Fairytale Credit: Greta Hoffman Credit: Paul Efe This blogpost partakes from INSEAD article by Alexandra von Stauffenberg and Claudia Zeisberger. Link at the end. A business may be defined as Family Business in which two or more family members operate the company, and the majority of ownership or control lies within a family.  90% businesses start as family business, as per the definition above. Family businesses also account for 70% of GDP in the global economy and 60% of global employment. When a family starts a business, they aspir...

Why Strategies Fail to Deliver? – Asrar Qureshi’s Blog Post #836 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #836 for Pharma Veterans. Pharma Veterans aims to share knowledge and wisdom from Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Photo Credit: Alena Darmel Photo Credit: emre keshavarz Photo Credit: Sora Shimazaki Pharmaceutical industry is quite fond of making strategies. Most strategies are focused on business growth; however, some strategies may be aimed at organizational development, culture transformation, and change management. Once in a while, there may be strategies for expansion and/or software installation. The success rate of most strategies is quite poor. Marketing strategies do not deliver desired growth, HR strategies do not bring about organizational change or development, and culture ...

Tired Organizations – Reasons & Cures – Part 2 – Asrar Qureshi’s Blog Post #761 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #761 for Pharma Veterans. Pharma Veterans welcome sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Blackberry Bold Photo Credit: Karolina Grabowska Nokia 3310 Photo Credit: Tima Miroshnichenko Continued from Previous…… We continue our discussion on tired organizations, which are those who have been left behind in time for various reasons, who now move slowly and painfully, and who appear to have lost hope also. The pace of change is fast and furious; individuals or organizations who do not move at the same pace keep falling behind. We take up the next reason which is so critical that it became the undoing of many huge businesses. Failure to See the ...

Entrepreneurship within the Pharma Industry – Part 5 – Asrar Qureshi’s Blog Post #704 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #704 for Pharma Veterans. Pharma Veterans welcome sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Photo Credit: Alex Green Photo Credit: Nathan Cowley Reasons for Failure – Continued…… We continue our discussion on entrepreneurship by the Pharma Industry employees. Poor Availability/ Inefficient Distribution The two points may not always necessarily mean the same but are related. A new pharmaceutical enterprise gets a small distributor who will have limited finances, small team, and patchy coverage of the market. It is a compulsion because bigger distributors will not accept a new, small enterprises, and even if they accept it, the small company ...

Entrepreneurship within the Pharma Industry – Part 4 – Asrar Qureshi’s Blog Post #703 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #703 for Pharma Veterans. Pharma Veterans welcome sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Reasons for Failure – Continued…… We continue our discussion on entrepreneurship by the Pharma Industry employees. Employee Mindset Someone, who has been working as an employee for several years, develops a certain mindset. He is part of a team where work is divided, and responsibility is shared. Everyone does their job and goes home, leaving office worries behind. It is rare to get disturbed in off hours. Then there is possibility of annual leaves, casual leaves (which are taken mostly for casual reasons), and sick leaves (mostly availed as a matter...

Entrepreneurship within the Pharma Industry – Part 3 – Asrar Qureshi’s Blog Post #702 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #702 for Pharma Veterans. Pharma Veterans welcome sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. Photo Credit: Darina Belonogova Photo Credit: Rodnae Production Reasons for Failure I am emphasizing once again that 90% or more startups fail worldwide, disregarding which industry they belong to. Failure in Pharma Industry is even higher. Let us look at the reasons why it is so. Unclear Plan, Unclear Expectations Pharma industry is among the most formal industries. Analysis, planning, strategies, tactics, are everyday words and work. And all this is done on paper, and on Excel sheets, and PowerPoint presentations. However, when the same people get ...